(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts June HR Coil $900 down $225 from May. Imports from Mexico to US have increased and are exceeding quota agreements, steel mills and unions appealing to Congress for action. Europe Union is considering taxes on steel manufacturers based on carbon emission levels. Auto production forecast for 2023 is 15 million units this is up from 14.3 million units in 2022. HR lead time 3-6 weeks, CR lead time 5-7 weeks. US Mills June capacity utilization rate is 77.3%. Platts June CR Coil $1,150 down $170 from May. June Chicago #1 Bush $480 down $55 from May. Zinc is $1.12lb. $1 U.S. Dollar = $1.33 Canadian Dollar.
Zekelman Industries Steel Snapshot for June 2023
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com